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Creating a Competitive Salary Structure

Course#: 82
Category: Salary Administration
Field of Study: Business Management & Organization
Audience: HR Managers, HR Generalists
Level of Difficulty: Intermediate
Delivery Method: QAS Self Study
  • ERI Distance Learning Center Course 33: Conducting Job Analysis
  • ERI Distance Learning Center Course 34: Using Job Evaluation in Your Organization
  • Some college level courses with moderate algebraic training
Advanced Preparation: None
This course focuses on the development of a single competitive salary structure for a single market, with the goal of allowing a company to achieve salary levels that at least match the average for the comparison group of companies based on product or service markets, or talent labor markets. You will learn how to create this structure by evaluating every job in the organization or, alternatively, only the benchmark jobs for which competitive market data is available. Then you will learn how to audit and maintain this structure over time.
Learning Objectives:
  • Identify pay strategy alternatives – paying under, at or above competitive norms
  • Recognize strategies for creating a competitive salary structure
  • Determine the correct location for a pay policy line
  • Determine the need for multiple salary structures
  • Identify salary grades and rate ranges
  • Differentiate between broadbanding and traditional hierarchies
  • Identify the advantages and disadvantages of job grouping methods
  • Recognize the importance of job evaluation maintenance in salary structure administration
*The Course Credit List displays credits and credit types offered by location.

Course Price:  Free!
Exam Price:  $49.00

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World at Work CPE Sponsors - Registry CPE Sponsors - QAS CCC CAC
The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
Copyright © 2017 ERI Economic Research Institute, Inc. All rights reserved.
ERI Economic Research Institute is an Authorized User of selected Statistics Canada data under Agreement Number 6184. ERI’s intellectual property rights include Patent Nos. 6,862,596 and 7,647,322, "System and method for retrieving and displaying data, such as economic data relating to salaries, cost of living and employee benefits." Other Internet-related applications are Patents Pending.

The ERI Distance Learning Center offers: human resources online continuing education for Human Resource Management training and development, distance education online courses, online learning, adult education elearning, HR courses online, human resources management online course, human resource development, hr training, business education, hrci recertification courses, compensation and benefits, e-learning, compensation certification, compensation certificates, compensation credentials, accounting cpe continuing professional education, worldatwork recertification courses, cpa cpe online courses, cpe qas self study courses and professional career development.

DLC courses include material on business definitions, salary comparisons, online business dictionary, human resource development, free job descriptions, SPHR, GPHR, PHR recertification credit, CCP, CBP, GRP recertification credit.